China is about to enter a “bear” market

•June 30, 2015 • 1 Comment

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http://www.financeasia.com/News/399207,china8217s-wild-stock-market-ride-throws-investors.aspx

Investors in China’s mainland stock markets look set for another bumpy ride next week after Beijing cut interest rates on Saturday, facing-off with stock market pundits who say equity valuations are too high.

China’s central bank said on Saturday it would cut rates by 25 basis points and trim the reserve requirement ratio for financial institutions.

“The government appears eager to maintain a bull market to expand the capital market and reduce reliance on bank lending, although the use of monetary policy for that purpose is questionable,” said Lan Shen and Shuang Ding, economists at Standard Chartered in a note to investors on Saturday.

The People’s Bank of China (PBoC)’s move follows a 7.4% drop in Shanghai’s stock market to 4,192.87 points on Friday about 19% off this year’s high hit on June 12. A bear market is commonly defined as a greater than 20% drop in market bench markets over at least two months.

“The balance of probabilities is that the top for the cycle on Shanghai, Shenzhen and Chinext has now taken place,” said Morgan Stanley chief Asia strategist Jonathan Garner in a report released Friday citing increased equity supply, weak earnings growth in the context of economic deceleration, high valuations, and very high margin debt to free float market capitalization.

He said while its true Chinese authorities have been vocal in their suport of the rally “governments are not able to exert direct control over stock market behaviour, in particular where trading volumes, valuations and margin leverage are as stretched as they are now in China”.

More than 40% of Shanghai-listed stocks by number are now trading at over 80 times historical earnings, higher than when Chinese equities peaked in 2007.

http://www.gulf-times.com/eco.-bus.%20news/256/details/444522/china-margin-trades-buckle-as-share-rout-puts-$364bn-at-risk

The biggest tumble in Chinese shares since 2008 is proving especially painful for margin traders as their favourite stocks sink faster than the benchmark index, raising the risk of forced liquidations.

The 30 equities in Shanghai with the highest levels of margin debt relative to tradable shares have dropped 17% on average since the market peaked on June 12, versus a 13% decline for the Shanghai Composite Index. Margin positions on the city’s bourse fell for the first time in a month on Friday, a sign that leveraged investors are unwinding bets after they grew more than five-fold in the past year.
With at least $364bn of borrowed money riding on stocks in Shanghai and Shenzhen, losses on those positions threaten to magnify market declines as traders sell shares to meet margin calls. China’s benchmark index tumbled at the fastest pace among global equity gauges last week, after a world-beating 152% gain in the previous 12 months.

“It’s a self-fulfilling prophecy,” Roshan Padamadan, the founder and manager of Luminance Global Fund, said in an interview on Bloomberg Television from Singapore. “As people try to book profits, they’ll find out that there’s nobody on the other side of the trade.”

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http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1435561200000&chddm=4820&chls=IntervalBasedLine&q=SHA:000001&ntsp=0&ei=2M2QVanvHJKI0ASFiJKQCQ

check out the link above..its fallen nearly 20% in less than a month..thats huge..20% movements signal bear or bull markets..this one lives in the forrest and likes honey..

401

Greece’s bank holiday from hell

•June 30, 2015 • 2 Comments

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http://www.bbc.com/news/business-33306158

It was more or less impossible for Greek banks to open tomorrow, once the European Central Bank announced it was turning off emergency lending to them.

Because in the absence of any increase in this so called Emergency Liquidity Assistance, the banks had no way to supply cash to Greek depositors who have been anxiously withdrawing their savings.

And, to state the obvious, banks that run out of cash are kaput.

So for banks to re-open, restrictions – known as capital controls – have to be put in place on the amount depositors can take out.

When these restrictions are announced, Greece will be half a step nearer to exit from the euro – since a core rule of the eurozone is that there should be no restrictions on the movement of money or capital.

But tumbling out of the euro would not be inevitable – as Cyprus shows: the Cypriot government introduced limits on how much cash could be taken out of banks in 2013, and has since taken steps to mend its finances while remaining in the euro.

The temporary closure of banks in Greece, and the expected introduction of capital controls, is however very bad news for Greece: Greek people will have less money to spend and business less to invest; so an already weak economy will probably return to deep recession.

As for the impact on the rest of the eurozone, corporate treasurers and wealthy individuals will wake up on Monday wondering if their money is safe in the banks of other weaker eurozone economies.

So in the coming weeks and months, capital may seep out of the likes of Portugal, Spain and Italy – at potentially significant long term cost to those economies.

Greek banking sources tell me that the banks have been instructed to close for at least a week and a day.

And during that period of closure the following capital controls will be imposed:

a) a maximum of 60 euros can be withdrawn per bank card per day or per account per day;

b) no cash can be moved abroad at all, except for vital commercial transactions that would have to be pre-approved.

The hope would be that banks could open their doors again some time after the result of the referendum is known next Sunday night, probably the Tuesday – so long as Greeks vote for a bailout on the terms demanded by the country’s eurozone and IMF creditors.

But European finance ministers and the IMF have not guaranteed that the deal will still be available. So it is possible the emergency bank closures will continue beyond the current signaled end of next Monday night.

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things are happening very quickly now..a week long bank holiday..restricted withdrawal amounts..its like a 1984 movie plot but its real..a call for a referendum this weekend for the greeks passes the hot potato from tsipras to the people..juncker says they are committing suicide..there will be no payment on the 30th..the IMF now calls it “in arrears” not a default..please..you lying fuckers..its a default..deal with it..

401

Jade Helm: Remember it is DICTATED by an AI computer

•June 30, 2015 • 8 Comments

http://investmentwatchblog.com/jade-helm-remember-it-is-dictated-by-an-ai-computer/

Jade Helm: Remember it is DICTATED by an AI Computer

Jade Helm has already gone live. Remember they were going to infiltrate cities with under cover operatives, perhaps to stage the false flag events.

The events have already started with several in Texas including the near hurricane. Right now as we have our focus on the shooting in the church, the MSM (mainstream media) will cover that until the next event, and then so on and so on.

These activities can not be implemented by humans like generals in the army or higher ups, but can ONLY be orchestrated by Computer artificial intelligence (AI) – in order to master the human domain.

We are in it.

You can do a search on liveleak to find plenty of articles on artificial intelligence, even a Stephen Hawking video in which he says it spells the end of the human race.

The “JADE” In Jade Helm 15 Is An A.I. SOFTWARE Program

“JADE” is an A.I. quantum computing technology that produces holographic battlefield simulations and has the ability to use vast amounts of data being collected on the human domain to generate human terrain systems in geographic population centric locations to identify and eliminate targets, insurgents, rebels or whatever labels that can be flagged as targets in a Global Information Grid for Network Centric Warfare environments.

The JADE II battle field system is cognitive and intuitive. It can examine prior executed battle plans and and devise ‘new and better’ strategies to increase the ‘kill chain’. The II generation of JADE has the capability for two way communication with drones through the OCCOM technology which is one of the next generation integrations to this system.

In short, JADE HELM will not be battles directed by Generals and Military Commanders, but by a computer. It is a cognitive software program based on a Network Centric Warfare System at the HELM.

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thanks to daver for the link..

i havent got time to watch this so need a reviewer..i think this particular drill is worthy of posting..its immense and very dangerous..because we all know what happens when drills are on!

“JADE is an A.I. quantum computing technology that produces holographic battlefield simulations”

401

“Spaceflight isn’t easy”..Rocket scientists despondent after latest ISS mission failure

•June 30, 2015 • 4 Comments

nasa-spacex-falcon-explosion.si

http://rt.com/news/270292-nasa-spacex-falcon-explosion/

Following two failed supply missions to the ISS in recent months, space engineers have been left searching for answers and solutions, after the generally reliable SpaceX Falcon 9 disintegrated in a fountain of fireworks just seconds after launch.

“There is no negligence here, there is no problem here, this just shows the challenges we face,” said NASA’s space operations head William Gerstenmaier at a downbeat press briefing. “Spaceflight isn’t easy.”

Falcon 9, which had successfully delivered six payloads to the International Space Station over the past three years, was fired off into a clear sky over Cape Canaveral at 10:21 am on Sunday, before exploding and breaking into thousands of fragments that fell into the Atlantic Ocean.

Elon Musk, owner of SpaceX, which is carrying out the flights as part of a $1.6 billion NASA contract, blamed an “overpressure event in a liquid oxygen tank” located in the upper stage of the 500-ton rocket.

SpaceX COO Gwynne Shotwell said the definitive answer would only be known after studying the telemetric data, which could take months.

“We’ll get back to flight as soon as we safely and reliably can,” said Shotwell, promising that the SpaceX fleet would return to the skies in less than a year.

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lacking the russian expertise eh? ;)

dont forget that over 40 years ago we were so good at this shit that we sent 11 rockets with humans inside to the moon and returned..now we cant even restock the ISS which sits 380kms off of earths surface..

401

Kuwait identifies suicide bomber as Saudi citizen

•June 30, 2015 • 1 Comment

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http://www.aljazeera.com/news/2015/06/kuwait-suicide-bomber-saudi-citizen-shia-mosque-suicide-150628082226519.html

Kuwaiti authorities say they have identified the suicide bomber of a Shia mosque as a Saudi citizen.

The suicide bomber, who led an attack on Imam Sadiq mosque in al-Sawaber neighbourhood that left 27 people dead, was identified as a Saudi citizen, Kuwait’s interior ministry said on Sunday.

Fahed Suleiman Abdulmohsen al-Gabbaa entered Kuwait City on Friday morning, the same day of the attack, through Kuwait international airport.

Late on Sunday, Saudi’s ministry of interior said a security background check showed that Gabbaa, who was born in 1992, had no prior links to terrorism.

Saudi authorities also confirmed that the bomber left on Thursday from Riyadh to Manama, Bahrain aboard Gulf Air Flight 170, adding that he had never flown before.

Authorities added that they are asking Bahrain for information regarding the transit period, including where Gabbaa stayed in the capital Manama.

Authorities also arrested the owner of the house where the suicide bomber was staying, the ministry confirmed on Sunday.

The owner of the car that drove the bomber was also arrested and a search is under way for the driver, Kuwait’s state news agency reported on Saturday.

Police said they were questioning a number of suspects with possible links to the bombing.

Mohammed Jamjoom, reporting from Kuwait City, said authorities have been very quick to try to identify the people behind the attack and try to arrest them.

“The driver and the owner of the vehicle that had been used in that horrific mosque attack on Friday were arrested within hours of the bombing. Police have said that several suspects have also been detained and are being questioned,” he said.

“This is clearly a push by the Kuwaiti authorities to let the region and the world know that they are trying to protect Kuwaitis.

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there were two large scale attacks on the weekend..tunisia has been hit before and is a soft target..the attack on kuwait was horrific but also showed a new front perhaps opening up at the base of iraq now..sunni versus shia again..

401

France plans new Saudi nuclear reactors

•June 30, 2015 • Leave a Comment

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http://www.skynews.com.au/news/world/mideast/2015/06/25/france-plans-new-saudi-nuclear-reactors.html

France has confirmed it is looking into building two nuclear reactors in Saudi Arabia, as part of 12 billion euro ($A17.31 billion) worth of deals struck between the nations.

Under one of the agreements Airbus will sell 23 H-145 multipurpose helicopters to Saudi Arabia for 500 million euros as well as launch a feasibility study into building the reactors, French Foreign Minister Laurent Fabius said on Wednesday.

A slew of deals worth billions of euros were announced following the first “Franco-Saudi Joint Commission” meeting in Paris, led by Fabius and Saudi Defence Minister Prince Mohamed bin Salman.

Fabius also mentioned the Saudi Arabian Airlines order for 50 Airbus passenger planes valued at $US8 billion, first announced at last week’s Paris Air Show.

The study for two European Pressurised Reactors (EPR) – which France considers the safest and most advanced in the world – takes on added significance given the current efforts by Saudi Arabia’s rival, Iran, to develop its own nuclear capabilities.

In addition to the study, France will sign an agreement to train the Saudis on nuclear safety and the treatment of nuclear waste.

Fabius also announced a “commitment” from Saudi Arabia to acquire about 30 patrol boats for its navy.

“It represents the creation of many jobs and hundreds of millions of euros,” Fabius added.

France has been reinforcing links with the conservative kingdom despite persistent criticism of its human rights record, while Riyadh is keen to broaden its ties with Western powers beyond its traditional alliance with the United States.

Salman will meet French President Francois Hollande later on Wednesday.

https://en.wikipedia.org/wiki/EPR_(nuclear_reactor)

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https://seeker401.wordpress.com/2015/06/22/russia-and-saudi-arabia-ink-nuclear-energy-deal/

oohh..special nuclear reactors..

the house of david err saud are hell bent on getting nukes and nuclear energy..

“In addition to the study, France will sign an agreement to train the Saudis on nuclear safety and the treatment of nuclear waste.”

401

The run is on! Greece debt talks: Crisis deepens amid deadlock

•June 29, 2015 • 8 Comments

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http://www.bbc.com/news/world-europe-33265923

Greece and its international creditors remain in deadlock over its debt crisis despite a series of top-level meetings.

Prime Minister Alexis Tsipras failed to reach a deal with Greece’s lenders, then a meeting of European finance ministers broke up without progress.

The Athens government faces default if it fails to make a €1.6bn (£1.1bn) IMF debt repayment by Tuesday.

As EU leaders met in Brussels, Germany’s Angela Merkel warned that talks were going nowhere.

“We still haven’t made the necessary progress; in some places it looks like we’re even going backwards,” she told reporters.

If Greece does default, it could exit the eurozone, with possible repercussions for the rest of Europe and the world economy.

Only once agreement is reached will the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) unlock the final €7.2bn tranche of bailout funds for cash-strapped Greece.

The impasse threatens to overshadow an EU summit opening on Thursday, where leaders will also discuss the European migrant crisis and UK PM David Cameron’s renegotiation aims.

http://uk.reuters.com/article/2015/06/28/eurozone-greece-macedonia-idUKL5N0ZE10A20150628

Macedonia ordered its banks on Sunday to pull their money from Greek banks and imposed “preventive measures” to limit the outflow of capital to its southern neighbour, threatened by financial meltdown.

The move by Macedonia’s central bank followed an announcement by Athens that it would introduce capital controls and keep banks shut on Monday after international creditors refused to extend the euro zone country’s bailout and savers queued to withdraw cash.

The central bank in Skopje said the measures were “of a temporary character, introduced in order to address the danger of an eventual more significant ouflow of capital from Macedonia towards our southern neighbour, that may cause significant disruption to the balance of payments and to the stability of the financial system.”

It said the capital limits would apply only to future transactions, not to arrangements already in place between Macedonian and Greek entities.

It ordered banks in Macedonia to “withdraw all deposits and loans from banks situated in Greece and their branches around the world.”

The statement was the first concrete sign of Greece’s immediate neighbourhood moving to protect itself from the financial turmmoil threatening Athens.

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control out of chaos?

they have got the chaos they want..with greek banks set to be closed for a week and the share market suspended..macedonia starting defensive actions to protect itself..i still bet they “solve” it at the last minute..

401

 
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